New Zealand is the 54th largest export economy in the world. In 2016, New Zealand exported $35.1B and imported $35.4B, resulting in a negative trade balance of $366M. In 2016 the GDP of New Zealand was $184B and its GDP per capita was $38.6k.

Exports

In 2016 New Zealand exported $35.1B, making it the 54th largest exporter in the world. During the last five years the exports of New Zealand have decreased at an annualized rate of -1.9%, from $38.7B in 2011 to $35.1B in 2016. The most recent exports are led by Concentrated Milk which represent 11.9% of the total exports of New Zealand, followed by Sheep and Goat Meat, which account for 5.5%.

Imports

In 2016 New Zealand imported $35.4B, making it the 56th largest importer in the world. The most recent imports are led by Cars which represent 9.3% of the total imports of New Zealand, followed by Crude Petroleum, which account for 4.52%.

Origins

Economic Complexity of New Zealand

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

New Zealand exports 186 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).